Organization of Eastern Caribbean States : Towards a New Agenda for Growth
The Organization of Eastern Caribbean States (OECS) is at an economic crossroads. A secular slowdown in growth, a radical transformation of the external environment, high debt and fiscal imbalances, and persistent unemployment and poverty have combined to create an imperative for redefining the OECS...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/04/5864709/organization-eastern-caribbean-states-oecs-towards-new-agenda-growth http://hdl.handle.net/10986/8616 |
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okr-10986-86162021-04-23T14:02:39Z Organization of Eastern Caribbean States : Towards a New Agenda for Growth World Bank ACCELERATING GROWTH ACCOUNTING ADMINISTRATIVE PROCEDURES AIR ANTIGUA AND BARBUDA BANKING SECTOR BONDS CENTRAL AMERICA CENTRAL BANK COMMERCIAL BORROWING COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMERS CRIME CROWDING OUT CUSTOMS CUSTOMS ADMINISTRATION DEBT DEVELOPED COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DISASTERS DOMESTIC MARKET EASTERN CARIBBEAN CENTRAL BANK ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC POLICIES ECONOMIC UNION EXCHANGE RATE EXPORT COMPETITIVENESS EXPORT PERFORMANCE EXPORT SECTOR EXPORT SECTORS EXPORTS EXTERNAL POSITION FAIR TRADE FINANCIAL ASSISTANCE FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL DEFICITS FISCAL POLICY FISH FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTOR FOREIGN INVESTORS FREE TRADE FREE TRADE AREA GDP GLOBAL ECONOMY GLOBAL MARKET GROSS DOMESTIC PRODUCT HEALTH SERVICES HIGH UNEMPLOYMENT INCREASING RETURNS INNOVATION INSURANCE INVESTMENT CLIMATE INVESTMENT INCENTIVES LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOR REGULATIONS LABOR UNIONS LEGISLATION LEVEL PLAYING FIELD LIBERALIZING TRADE LOCAL PRODUCERS MACROECONOMIC CONDITIONS MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MARKET SHARE MEDIA MEMBER COUNTRIES MEMBER COUNTRY MIGRANTS MIGRATION PREFERENTIAL ACCESS PRICE CONTROLS PRIVATE INVESTMENT PRIVATE SECTOR PRODUCERS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SERVICES REAL GDP REAL WAGES RECIPROCAL PROTECTION REGIONAL APPROACH REGIONAL COOPERATION REGIONAL ECONOMY REGIONAL INSTITUTIONS REGIONAL INTEGRATION REGIONAL LEVEL REGIONAL MARKET REGIONAL MARKETS REGIONAL SOLUTIONS REGIONALISM REGULATORY BARRIERS REGULATORY FRAMEWORK SAVINGS SCHOOLS TAX ADMINISTRATION TAX BASE TAX RATES TECHNICAL ASSISTANCE TECHNOLOGY ADOPTION TELECOMMUNICATIONS TERTIARY EDUCATION TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE AGREEMENTS TRADE LIBERALIZATION TRADE UNIONS TRADING ARRANGEMENTS TRANSPORT TRANSPORT SERVICES UNEMPLOYMENT UNEMPLOYMENT RATES VALUE ADDED VIOLENCE WAGE RATES WAGES WELLNESS WORKERS WORLD ECONOMY WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO YOUTH UNEMPLOYMENT The Organization of Eastern Caribbean States (OECS) is at an economic crossroads. A secular slowdown in growth, a radical transformation of the external environment, high debt and fiscal imbalances, and persistent unemployment and poverty have combined to create an imperative for redefining the OECS strategy for growth and economic development. The crucial elements of such a strategy are: (1) the formulation of a long-term vision that positions the OECS Economic Union in the global economy; (2) reorientation o f the basic development model toward greater openness, competition and a more level playing field in the sub-regional economy, and (3) the creation of new capacity in the labor force and the private sector to take advantage of emerging opportunities in the global market place, and in the public sector to coordinate and support the process o f deeper regional (and global) integration. The current challenge facing the sub-region is how to reinvigorate and sustain growth alongside the following imperatives --reducing high unemployment and poverty rates, restoring fiscal and debt sustainability, and securing a more sustainable external position in an increasingly competitive global environment. 2012-06-21T13:50:54Z 2012-06-21T13:50:54Z 2005-04 http://documents.worldbank.org/curated/en/2005/04/5864709/organization-eastern-caribbean-states-oecs-towards-new-agenda-growth http://hdl.handle.net/10986/8616 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCELERATING GROWTH ACCOUNTING ADMINISTRATIVE PROCEDURES AIR ANTIGUA AND BARBUDA BANKING SECTOR BONDS CENTRAL AMERICA CENTRAL BANK COMMERCIAL BORROWING COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMERS CRIME CROWDING OUT CUSTOMS CUSTOMS ADMINISTRATION DEBT DEVELOPED COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DISASTERS DOMESTIC MARKET EASTERN CARIBBEAN CENTRAL BANK ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC POLICIES ECONOMIC UNION EXCHANGE RATE EXPORT COMPETITIVENESS EXPORT PERFORMANCE EXPORT SECTOR EXPORT SECTORS EXPORTS EXTERNAL POSITION FAIR TRADE FINANCIAL ASSISTANCE FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL DEFICITS FISCAL POLICY FISH FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTOR FOREIGN INVESTORS FREE TRADE FREE TRADE AREA GDP GLOBAL ECONOMY GLOBAL MARKET GROSS DOMESTIC PRODUCT HEALTH SERVICES HIGH UNEMPLOYMENT INCREASING RETURNS INNOVATION INSURANCE INVESTMENT CLIMATE INVESTMENT INCENTIVES LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOR REGULATIONS LABOR UNIONS LEGISLATION LEVEL PLAYING FIELD LIBERALIZING TRADE LOCAL PRODUCERS MACROECONOMIC CONDITIONS MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MARKET SHARE MEDIA MEMBER COUNTRIES MEMBER COUNTRY MIGRANTS MIGRATION PREFERENTIAL ACCESS PRICE CONTROLS PRIVATE INVESTMENT PRIVATE SECTOR PRODUCERS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SERVICES REAL GDP REAL WAGES RECIPROCAL PROTECTION REGIONAL APPROACH REGIONAL COOPERATION REGIONAL ECONOMY REGIONAL INSTITUTIONS REGIONAL INTEGRATION REGIONAL LEVEL REGIONAL MARKET REGIONAL MARKETS REGIONAL SOLUTIONS REGIONALISM REGULATORY BARRIERS REGULATORY FRAMEWORK SAVINGS SCHOOLS TAX ADMINISTRATION TAX BASE TAX RATES TECHNICAL ASSISTANCE TECHNOLOGY ADOPTION TELECOMMUNICATIONS TERTIARY EDUCATION TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE AGREEMENTS TRADE LIBERALIZATION TRADE UNIONS TRADING ARRANGEMENTS TRANSPORT TRANSPORT SERVICES UNEMPLOYMENT UNEMPLOYMENT RATES VALUE ADDED VIOLENCE WAGE RATES WAGES WELLNESS WORKERS WORLD ECONOMY WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO YOUTH UNEMPLOYMENT |
| spellingShingle |
ACCELERATING GROWTH ACCOUNTING ADMINISTRATIVE PROCEDURES AIR ANTIGUA AND BARBUDA BANKING SECTOR BONDS CENTRAL AMERICA CENTRAL BANK COMMERCIAL BORROWING COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMERS CRIME CROWDING OUT CUSTOMS CUSTOMS ADMINISTRATION DEBT DEVELOPED COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DISASTERS DOMESTIC MARKET EASTERN CARIBBEAN CENTRAL BANK ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC POLICIES ECONOMIC UNION EXCHANGE RATE EXPORT COMPETITIVENESS EXPORT PERFORMANCE EXPORT SECTOR EXPORT SECTORS EXPORTS EXTERNAL POSITION FAIR TRADE FINANCIAL ASSISTANCE FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL DEFICITS FISCAL POLICY FISH FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTOR FOREIGN INVESTORS FREE TRADE FREE TRADE AREA GDP GLOBAL ECONOMY GLOBAL MARKET GROSS DOMESTIC PRODUCT HEALTH SERVICES HIGH UNEMPLOYMENT INCREASING RETURNS INNOVATION INSURANCE INVESTMENT CLIMATE INVESTMENT INCENTIVES LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOR REGULATIONS LABOR UNIONS LEGISLATION LEVEL PLAYING FIELD LIBERALIZING TRADE LOCAL PRODUCERS MACROECONOMIC CONDITIONS MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MARKET SHARE MEDIA MEMBER COUNTRIES MEMBER COUNTRY MIGRANTS MIGRATION PREFERENTIAL ACCESS PRICE CONTROLS PRIVATE INVESTMENT PRIVATE SECTOR PRODUCERS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SERVICES REAL GDP REAL WAGES RECIPROCAL PROTECTION REGIONAL APPROACH REGIONAL COOPERATION REGIONAL ECONOMY REGIONAL INSTITUTIONS REGIONAL INTEGRATION REGIONAL LEVEL REGIONAL MARKET REGIONAL MARKETS REGIONAL SOLUTIONS REGIONALISM REGULATORY BARRIERS REGULATORY FRAMEWORK SAVINGS SCHOOLS TAX ADMINISTRATION TAX BASE TAX RATES TECHNICAL ASSISTANCE TECHNOLOGY ADOPTION TELECOMMUNICATIONS TERTIARY EDUCATION TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE AGREEMENTS TRADE LIBERALIZATION TRADE UNIONS TRADING ARRANGEMENTS TRANSPORT TRANSPORT SERVICES UNEMPLOYMENT UNEMPLOYMENT RATES VALUE ADDED VIOLENCE WAGE RATES WAGES WELLNESS WORKERS WORLD ECONOMY WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO YOUTH UNEMPLOYMENT World Bank Organization of Eastern Caribbean States : Towards a New Agenda for Growth |
| geographic_facet |
Latin America & Caribbean |
| description |
The Organization of Eastern Caribbean States (OECS) is at an economic crossroads. A secular slowdown in growth, a radical transformation of the external environment, high debt and fiscal imbalances, and persistent unemployment and poverty have combined to create an imperative for redefining the OECS strategy for growth and economic development. The crucial elements of such a strategy are: (1) the formulation of a long-term vision that positions the OECS Economic Union in the global economy; (2) reorientation o f the basic development model toward greater openness, competition and a more level playing field in the sub-regional economy, and (3) the creation of new capacity in the labor force and the private sector to take advantage of emerging opportunities in the global market place, and in the public sector to coordinate and support the process o f deeper regional (and global) integration. The current challenge facing the sub-region is how to reinvigorate and sustain growth alongside the following imperatives --reducing high unemployment and poverty rates, restoring fiscal and debt sustainability, and securing a more sustainable external position in an increasingly competitive global environment. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Organization of Eastern Caribbean States : Towards a New Agenda for Growth |
| title_short |
Organization of Eastern Caribbean States : Towards a New Agenda for Growth |
| title_full |
Organization of Eastern Caribbean States : Towards a New Agenda for Growth |
| title_fullStr |
Organization of Eastern Caribbean States : Towards a New Agenda for Growth |
| title_full_unstemmed |
Organization of Eastern Caribbean States : Towards a New Agenda for Growth |
| title_sort |
organization of eastern caribbean states : towards a new agenda for growth |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/04/5864709/organization-eastern-caribbean-states-oecs-towards-new-agenda-growth http://hdl.handle.net/10986/8616 |
| _version_ |
1764404984387993600 |